Obermatt

Flags

Financial distress

China Steel

TAI:2002 · TW0002002003
Metals & MiningLarge

360

3
EV / EBIT2
Price / Owner Earnings97
Owner Earnings Yield1
Dividend Yield67
Price/Sales26
EV / Gross Profit1
Price/Book50
Return on Capital15
Cash Return on Capital42
Return on Equity20
EBIT Margin8
Gross Profitability4
Accruals86
Owner Earnings Margin37
Sales growth58
Profit growth74
Reinvestment23
Price momentum52
Debt load27
Refinancing19
Debt Payback1
Liquidity10
Analyst ratings22
Opinion Changes50
Price Target Upside60
Market mood58
Value Creation0/20not creating value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

China Steel doesn't consistently earn more than its cost of capital, so it isn't yet creating shareholder value.

Profile

CountryTaiwan
IndustryMetals & Mining
SizeLarge
TypePublic Company
ExchangeTWSE
Founded1971
Employees241
Websitecsc.com.tw
ISINTW0002002003
Last UpdateApr 2, 2026
Themes
Marine TransportationGreen SteelIndustrial AutomationOnshore and Offshore WindManufacturingPrecious Metals

Description

China Steel Corporation engages in the manufacture and sale of steel products in Taiwan. The company also engages in the machinery and communications engineering, and construction business. Its steel products include plate products; steel bar and wir…

Analysis

Hope premium

China Steel Corporation is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium.

Valuation data is not available for this company.

Growth is moderate; the safety picture is fragile. The company scores 0/20 on our value-creation score: not creating value. Analyst sentiment is cautious.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
18
2023202420252026

All-time high

47

Jan 2023

All-time low

1

Jan 2024

Average rank

16

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
26
51
43
39
Price/Earnings
11
5
1
34
Price/Book
50
42
38
33
Dividend Yield
67
25
18
20
Value (overall)
39
17
12
19

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →